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are available from other sources for the payment of the Notes and bonds <br />and are appropriated for such purpose, the amount of such direct tax <br />upon all of the taxable property in the City shall be reduced by the <br />amount of such revenues so available and appropriated. <br /> <br /> Section 8. It is hereby determined and recited that all acts, <br />conditions and things necessary to be done precedent to and in the <br />issuing of the Notes in order to make them legal, valid and binding <br />obligations of the City Of Lakewood, will have been done and performed <br />in regular and due form as required by law; and that no limitation of <br />indebtedness or taxation, either statutory or constitutional, will have <br />been exceeded in the issuance of said Notes. <br /> <br /> Section 9. The Clerk of Council is hereby directed to forward <br />a certified copy of this ordinance to the County Auditor. <br /> <br /> Section 10. That the Mayor and Director of Finance, or either <br />of them, are authorized to prepare, execute and deliver to the original <br />purchaser of the Notes a preliminary and final Official Statement or any <br />other appropriate disclosure document in connection with the sale and <br />delivery of the Notes. <br /> <br /> Section 11. It is found and determined that all formal ac- <br />tions of this Council concerning and relating to the passage of this <br />ordinance were adopted in an open meeting of this Council, and that all <br />such deliberations of this Council and any of its committees that re- <br />sulted in such formal action, were in meeting open to the public, in <br />compliance with all legal requirements including the City's Charter and <br />Codified Ordinances and Section 121.22 of the Ohio Revised Code. <br /> <br /> Section 12. That this ordinance is hereby declared to be an <br />emergency measure necessary for the immediate preservation of the public <br />peace, property, health, safety and welfare in the City for the reasons <br />set forth and defined in the preamble to this ordinance, and provided it <br />receives the affirmative vote of two-thirds of all members elected to <br />Council, this ordinance shall take effect and be in force immediately <br />upon its passage by the Council and approval by the Mayor;~e~ise, it <br />shall take effect and be in force after ~arlies~er~0d all. ed by <br /> <br /> Clerk of Council <br /> <br />Approved:~~.~ , 1986 ~ <br /> <br />141Sll/14282E1 <br /> <br />-4- <br /> <br /> <br />